New Hampshire Business Startup Guides
Start a Business in Portsmouth, New Hampshire
Are you starting a business in Portsmouth, New Hampshire? This article discusses the most important things to consider when opening a business in Portsmouth.
Are You Ready for Entrepreneurship?
Running your own business is hard work, and can be orders of magnitude more strenuous than working as an employee. Are you sure you want to go into business for yourself?
To determine whether you have what it takes to run a business, we recommend these three steps to help you decide:
- Talk to other entrepreneurs in Portsmouth. Listen closely to their experiences and see if you think you too can be successful.
- We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
- Get feedback from somebody whom you trust. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.
Portsmouth, New Hampshire Demographic Information
Portsmouth has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Portsmouth demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Portsmouth.
Businesses
As a new Portsmouth entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Portsmouth for each business category. By looking at this chart, you can get a general sense for how much competition there is in the business niche that you are pursuing.
Businesses
What About Buying an Existing Portsmouth Business?
An excellent way to get started in business is to Buy a Business in New Hampshire. Follow that link and you can assess several good businesses for sale in Portsmouth.
Before buying a business, be sure to read this article: Buying a Business.
Naming the Company
A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.
Company names need to be easy to spell, easy to pronounce, and easy to remember.
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Branding Advice.
As a final piece of advice, remember that because you are starting a business in Portsmouth, it's critical that you ensure that no other New Hampshire company is using the business name you want to use.
Forming a Company in Portsmouth, New Hampshire
It's essential that you form your business as a legal structure. Doing so will shield you from personal liability for business debts and obligations.
The entity you form can be a corporation, LLC, sole proprietorship, partnership or other structure.
Incorporating is a very common way to legally create a business entity. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in New Hampshire, it doesn't mean you are required to incorporate in New Hampshire. As it turns out, you are allowed to incorporate wherever you want. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.
There are many nuances to forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Avoiding Personal Liability in Business. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Portsmouth, New Hampshire, our information on Incorporating in New Hampshire may be a useful resource if you decide to incorporate in New Hampshire.
Letting the World Know You Exist
To rise above the crowd in Portsmouth and grow your business, you'll need to have a good marketing plan.
You can learn quite a bit about marketing on our site. Promoting an Online Business is an article that will stimulate a few thoughts on your marketing plan. That's just a sampling of the many useful articles we have on Marketing a Small Business.
Never Give Up
As an entrepreneur in Portsmouth, you won't be working for the boss anymore. You are the boss.
If you choose the right business and love what you do, you will greatly increase your odds of success.
Our goal here is to promote the vitality and growth of small businesses in Portsmouth and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in Portsmouth, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Portsmouth, New Hampshire
Here are more links that we believe will help you be successful in starting a business in Portsmouth.
- Resources for Portsmouth, New Hampshire Entrepreneurs - Browse a variety of resources we've collected to assist Portsmouth entrepreneurs.
- New Hampshire Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in New Hampshire.
- New Hampshire Small Business Development Center - The New Hampshire Small Business Development Center offers free, one-on-one, confidential business counseling, low cost training programs, and other great services for New Hampshire entrepreneurs.
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